VANCOUVER, Nov. 17, 2014 /CNW/ -
TSX VENTURE COMPANIES:
BULLETIN TYPE: Notice to Issuers
BULLETIN DATE: November 17, 2014
Re: Discretionary Waivers of $0.05 Minimum Pricing Requirement – UPDATE
The policies of TSX Venture Exchange ("TSXV" or the "Exchange") include a requirement that the offering price for a financing involving the issuance of Listed Shares be not less than the applicable Discounted Market Price, subject to a minimum price per share of $0.05. The Exchange considers this $0.05 minimum pricing requirement as fundamental to the integrity of our market as it helps mitigate the proliferation of Issuers with excessively dilutive or otherwise imbalanced share capital structures. Recognizing, however, that this minimum pricing requirement may complicate the ability of an Issuer to conduct a financing, the Exchange maintains the discretion to waive the $0.05 minimum pricing requirement on a case by case basis. In this regard, on April 7, 2014, the Exchange published the following Notice to Issuers which provides guidance on the circumstances in which the Exchange will look more favourably upon an Issuer's request to waive the $0.05 minimum pricing requirement (the "April Bulletin"):
http://www.tmx.com/en/pdf/venture_bulletins/Apr7-DiscretionaryWaivers.pdf
The purpose of this Notice to Issuers is to confirm that the guidance provided in the April Bulletin remains relevant as of the date of this Notice to Issuers and that the Exchange remains open to considering discretionary waivers of the $0.05 minimum pricing requirement in the circumstances described in the April Bulletin.
It should be noted that the Exchange may cease to be amenable to considering and granting such waivers at any time. As such, prior to making a waiver the Exchange remains open to considering such waivers. If you have any questions about this bulletin, please contact:
Zafar Khan – Policy Counsel, 604-602-6982
Louis Doyle – Vice-President, 514-788-2407
Robert Fong – Director, 403-218-2822
Tim Babcock – Director, 416-365-2202
Robert Kang – Director, 604-643-6577
TYPE DE BULLETIN : Avis aux émetteurs
DATE DU BULLETIN : Le 17 novembre 2014
Objet : Dispenses discrétionnaires de l'application de l'exigence relative à la fixation du prix minimal de 0,05 $ – MISE À JOUR
Aux termes des politiques de la Bourse de croissance TSX (la « Bourse »), le prix d'offre pour un financement comportant l'émission d'actions inscrites ne doit pas être inférieur au cours escompté applicable, sous réserve du prix minimal de 0,05 $ par action. La Bourse estime que l'exigence relative à la fixation du prix minimal de 0,05 $ est essentielle pour l'intégrité de son marché, car elle permet de restreindre le nombre d'émetteurs dont la structure du capital est excessivement dilutive ou autrement déséquilibrée. Toutefois, puisqu'elle reconnaît que cette exigence peut limiter la capacité d'un émetteur d'effectuer un financement, la Bourse se réserve le droit de renoncer, au cas par cas, à l'application de l'exigence relative à la fixation du prix minimal de 0,05 $. À cet effet, la Bourse a publié le 7 avril 2014 l'avis aux émetteurs suivant qui fournit des indications sur les cas dans lesquels la Bourse sera plus encline à accéder à la demande d'un émetteur d'être dispensé de l'exigence relative à la fixation du prix minimal de 0,05 $ (le « bulletin du mois d'avril ») :
http://www.tmx.com/fr/pdf/venture_bulletins/Apr7-DiscretionaryWaivers.pdf
Le présent avis aux émetteurs vise à confirmer que les indications fournies dans le bulletin dumois d'avril sont toujours applicables en date du présent avis aux émetteurs et que la Bourse demeure disposée à envisager des dispenses discrétionnaires de l'application de l'exigence relative à la fixation du prix minimal de 0,05 $ dans les cas décrits dans le bulletin du moisd'avril.
Il importe de noter que la Bourse peut cesser à tout moment d'étudier de telles demandes etd'accorder des dispenses. Ainsi, avant de présenter une demande de dispense, l'émetteur doit communiquer avec l'un des représentants de la Bourse dont les coordonnées figurent ci-après pour vérifier si la Bourse accorde toujours ces dispenses. Pour toute question concernant le présent bulletin, veuillez communiquer avec l'une des personnes suivantes :
Zafar Khan – conseiller juridique, Politiques, 604 602-6982
Louis Doyle – vice-président, 514 788-2407
Robert Fong – directeur, 403 218-2822
Tim Babcock – directeur, 416 365-2202
Robert Kang – directeur, 604 643-6577
_______________________________________________
ATOM ENERGY INC. ("AGY")
[formerly Athabasca Uranium Inc. ("UAX")]
BULLETIN TYPE: Name Change
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Pursuant to a resolution passed by directors on October 29, 2014, the Company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Tuesday, November 18, 2014, the common shares of Atom Energy Inc. will commence trading on TSX Venture Exchange, and the common shares of Athabasca Uranium Inc. will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
| Capitalization: |
unlimited |
shares with no par value of which |
| 6,852,957 |
shares are issued and outstanding |
|
| Escrow: |
nil |
escrow shares |
| Transfer Agent: |
Computershare Trust Company of Canada |
|
| Trading Symbol: |
AGY |
(new) |
| CUSIP Number: |
049613 10 2 |
(new) |
________________________________________
CHC REALTY CAPITAL CORP. ("CHC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a purchase and sale agreement (the "Agreement") dated August 7, 2014 between two arm's length parties (the "Vendors") and CHC Realty Capital Corp. (the "Company"). Pursuant to the Agreement, the Company shall acquire Land and a 17 store apartment building located in London, Ontario.
As consideration, the Company shall pay the Vendors $55 million.
For more information, refer to the Company's news release dated October 6, 2014.
________________________________________
CROWN POINT ENERGY INC. ("CWV")
BULLETIN TYPE: Halt
BULLETIN DATE: November 17, 2014\
TSX Venture Tier 2 Company
Effective at 5:00 a.m., PST, November 17, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
CROWN POINT ENERGY INC. ("CWV")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Effective at 12:15 p.m., PST, November 17, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
EQUITAS RESOURCES CORP ("EQT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the property option agreement (the "Agreement") between the Company and Zimtu Capital Corp ("Zimtu") , DG Resources Management Ltd ("DG") and Ridge Resources Ltd ("Ridge") whereby the Company can acquire a 100% interest in the Garland Property, Labrador, Canada (the "Property"). The Property comprises 25,050 hectares approximately 30km southeast of Voisey's Bay. The transaction is a Non Arms-length transaction.
In order to acquire Property, the Company must pay an aggregate total of $80,000 in cash, issue 7,999,998 shares over a 36 month period and complete an airborne geophysical survey within 1 month. There is a gross overriding royalty ("GORR") of 2% payable to DG.
| Zimtu Capital Corp: |
$40,000 and 3,000,000 shares |
| DG Resources Management Ltd |
$40,000 and 3,000,000 shares |
| Ridge Resources Ltd |
1,999,998 shares |
Further information on the transaction is available in the Company's news release dated Sept. 25, 2014.
Insider / Pro Group Participation:
| Insider=Y / |
|||
| Name |
ProGroup=P |
# of Shares |
|
| Zimtu Capital Corp |
Y |
3,000,000 |
|
| CASH |
SHARES |
WORK EXPENDITURES |
|
| $80,000 |
7,999,998 |
Airborne geophysical Survey |
________________________________________
FALCO RESOURCES LTD. ("FPC")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced October 1, 2014 and October 2, 2014:
| Number of Shares: |
6,555,600 non-flow through shares |
| 13,557,716 flow through shares |
|
| Purchase Price: |
$0.45 per non-flow through share |
| $0.52 per flow through share |
|
| Number of Placees: |
59 placees |
Insider / Pro Group Participation:
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| John Burzynski |
Y |
428,000 f/t |
| Trent Mell |
Y |
192,300 f/t |
| Sean Roosen |
Y |
675,823 f/t |
| Paul Henri-Girard |
Y |
50,000 f/t |
| Michael Byron |
Y |
38,500 f/t |
| Elif Lévesque |
Y |
76,923 f/t |
| Bryan A. Coates |
Y |
480,000 f/t |
| Aggregate Pro Group Involvement |
P |
64,200 nft |
| [1 placee] |
||
| Agent's Fee: |
Scotia Capital Inc. receives $270,345.65 and 483,509 non-transferable compensation warrants, each exercisable for one share at a price of $0.5625 for a two year period. |
| Axemen Resource Capital receives $54,069.13 and 96,701 compensation warrants, as above. |
|
| Euro Pacific Inc. receives $54,069.13 and 96,701 compensation warrants, as above. |
|
| Macquarie Capital Markets Canada Ltd. receives $54,069.13 and 96,701 compensation warrants, as above. |
|
| Pope & Company Limited receives $54,069.13 and 96,701 compensation warrants, as above. |
|
| Raymond James Ltd. receives $54,069.13 and 96,701 compensation warrants, as above. |
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
________________________________________
KAIZEN DISCOVERY INC. ("KZD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 17, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a share purchase agreement dated November 12, 2014 (the 'Agreement') between the Company and the shareholders of Tundra Copper Corp. (the 'Vendors') Pursuant to the terms of the Agreement, the Company will acquire all of the issued and outstanding securities of Tundra Copper Corp., which holds certain mining claims in Nunavut Canada. By way of consideration, the Company will issue 6,638,415 shares at a deemed price of $0.37per share.
Please refer to the Company's news release dated November 12, 2014 for further details.
________________________________________
KALLISTO ENERGY CORP. ("KEC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 15, 2014 and closed October 1, 2014:
| Number of Shares: |
296,288,692 units ("Units") |
| Each Unit consists of one share and one share purchase warrant |
|
| 444,444,299 common shares |
|
| Purchase Price: |
$0.03375 per Unit |
| Warrants: |
296,288,692 share purchase warrants to purchase 296,288,692 shares |
| Warrant Exercise Price: |
$0.045 per share for up to 5 years from date of issuance |
| Number of Placees: |
304 Placees |
Insider / Pro Group Participation:
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Donald Sabo |
Y |
5,927,699 shares |
| 62,222,222 Units |
||
| Barry Olson |
Y |
35,706,655 Units |
| Elizabeth More |
Y |
2,962,962 shares |
| 23,703,703 Units |
||
| Neil Wilson |
Y |
23,703,703 Units |
| Greg Phaneuf |
Y |
16,859,258 Units |
| Kellie D'Hondt |
Y |
8,888,889 Units |
| Paul Storey |
Y |
14,815,815 Units |
| James Mahoney |
Y |
1,945,000 Units |
| Dean Bernhard |
Y |
25,592,590 Units |
| Christopher Season |
Y |
8,148,148 Units |
| Scott Cochlan |
Y |
8,888,889 Units |
| Janarthanan Paskaran |
Y |
2,962,962 shares |
| Finder's Fee: |
None |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
________________________________________
LOVITT RESOURCES INC. ("LRC")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated May 8, 2014, the Exchange has been advised that the Cease Trade Order issued by the British Columbia Securities Commission dated May 8, 2014 has been revoked.
Effective at the opening on Tuesday, November 18, 2014, trading will be reinstated in the securities of the Company (CUSIP 547495 10 1).
_______________________________________
LOYALIST GROUP LIMITED ("LOY")
BULLETIN TYPE: Halt
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Effective at 6:27 a.m., PST, November 17, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
LOYALIST GROUP LIMITED ("LOY")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company or
Effective at 7:00 a.m., PST, November 17, 2014, shares of the Company resumed trading, an announcement having been made.
________________________________________
MARLIN GOLD MINING LTD. ("MLN")
BULLETIN TYPE: Shares for Services
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 100,000 shares at a deemed price of $0.65 to Sprott Resource Lending Partnership (the Lender) in consideration of the Lender granting a waiver to the Company to certain terms of their Credit Agreement dated May 14, 2014 and announced May 27, 2014.
The Company shall issue a news release when the shares are issued.
________________________________________
MINERAL HILL INDUSTRIES LTD. ("MHI")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ('TSXV') Bulletin dated November 14, 2014, effective at 9:47 a.m.,
November 17, 2014, trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation Change of Business and/or Reverse Take-Over pursuant to TSXV Policy 5.2. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
ROXGOLD INC. ("ROG")
BULLETIN TYPE: Prospectus-Share Offering, Amendment
BULLETIN DATE: November 17, 2014May 11, 2001
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange (the 'Exchange') Bulletin dated November 5, 2014, the Exchange has accepted an amendment with respect to Roxgold Inc.'s (the 'Company') recently announced offering (the 'Offering').
The Exchange has been advised that Cormark Securities Inc., BMO Capital Markets., Macquarie Capital Markets Canada Ltd., GMP Securities L.P., RBC Dominion Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp., and Raymond James Ltd. have exercised the over-allotment option to purchase an additional 5,748,000 units at the Offering price of $0.65 per unit and 591,000 warrants at $0.04 per warrant.
Accordingly, the gross proceeds raised by the Company in respect of the Offering have increased to $33,789,840.
Please refer to the Company's news release issued on November 17, 2014.
________________________________________
SEAIR INC. ("SDS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 16, 2014 and closed October 28, 2014:
| Number of Shares: |
1,466,667 shares |
| Purchase Price: |
$0.15 per share |
| Warrants: |
None |
| Number of Placees: |
1 Placee |
Insider / Pro Group Participation:
| Insider=Y / |
||
| Name |
ProGroup=P |
# of Shares |
| Jeff Seibert |
Y |
1,466,667 |
| Finder's Fee: |
None |
________________________________________
SONDE RESOURCES CORP. ("SOQ")
BULLETIN TYPE: Halt
BULLETIN DATE: November 17, 2014
TSX Venture Tier 2 Company
Effective at 6:14 a.m., PST, November 17, 2014, trading in the shares of the Company was halted at the request of the Company, pending news. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
________________________________________
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: [email protected]
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